Most new mortgages are assumable.

Name: Most new mortgages are assumable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While some mortgages may be assumable, most new mortgages are not typically set up to be assumable. This means that the borrower cannot transfer the mortgage to a new borrower without having the lender approve the transfer and the new borrower meet their underwriting requirements.

Most New Mortgages Are Assumable